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Being Successful

Successful people
know they didn’t deserve anything they didn’t have. They don’t resent what they
weren’t given. They trust life they’ve been given is the right one for them.
They work with what they’ve. They focus on what they want, work hard, never
give up. And, succeed. As you keep learning, eventually everything connects.
Beauty is to see connections between previously unconnected things. That’s what
leads to wisdom. And, great success. Keep learning. Keep succeeding. One person
you talk with the most is: you. That’s what you do all day. You are doing it
right now. How you explain what’s going on determines how you deal with your
life and deal with problems, big & small. Always remember: whatever you
believe is your reality. If you believe you are smart and capable, you are
right. If you believe you are a failure and not good at anything, you are
right. Your mind will execute behavior.

5 personal finance lessons from biopic Sanju :

Sanjay Dutt’s biopic Sanju is breaking records
on domestic box office collection. This movie has decent entertainment value
across age groups. Sanjay Dutt’s life story could also provide with some
important personal finance lessons. Here are some of them:

i.
Blindly following friends’/relatives’ advice is bad

In our network, we are surrounded by people who cannot be trusted. In movie it’s displayed, Sanju’s friend consumes glucose but persuades him to consume drugs. Such ‘friends’ just love your money and don’t care for you. Similarly, there are so-called well-wishers who recommend us to invest in insurance policies or penny stocks, which give poor returns in the long term while they themselves will be investing in financial assets which are giving inflation-beating returns in the long term. If the ‘Friend’ is an insurance agent or broker, those recommended insurance policies will earn them hefty commissions and trailing income on premium amount paid every year. It’s better to avoid such advice when it comes to investments.

ii.
You can correct your past mistakes

Sanjay Dutt slowly got addicted to drugs and kept
finding reasons to start consuming after discontinuing for a while. However, he
overcame drug addiction after undergoing treatment in the US. Similarly, even you can overcome your past mistakes
of investing in non-performing equities/mutual fund schemes, trading in
high-risk derivatives for quick gains or simply investing all your money in
physical assets (like gold, real estate, etc.) over financial assets (stocks,
mutual funds, etc.) to achieve family goals.

iii.
Nobody lends in bad times

In movie it’s well portrayed that in many instances,
your friends may prove to be of no help when you are in need. Your contacts and
followers will ignore you. It’s
important to note when you are in financial need, your relatives or friends may
not lend to you even if the reason is genuine.

iv.
Don’t dabble in unknown stocks (drugs)

In his early life, Sanjay Dutt had consumed several types of drugs. Similarly, when you start earning and enter into stock market with the motive of making quick profits, you may end up buying unknown stocks on the exchanges. It’s recommended you do your homework (research) before investing in particular stocks. *We are conducting the risk profile test, discuss with you the risk-taking capabilities and according design your portfolio. For more information please Contact: mega@megafina.in.

v.
Don’t blindly trust on news and advice given in media

This movie has criticized the role of media in
downfall of Sanjay Dutt. It has been
portrayed that media puts a headline news without any research to it and
accuses the person.

We help you in creating a goal and
achieving the same. We are there to support you at each and every stage of your
financial life right from cash flow system to create Will. We would like to
remind you that we are the only practicing financial planners in Rajkot.
Contact: mega@megafina.in